SecureTech Reports Unregistered Equity Sale

TL;DR

SEC filing shows SecureTech sold unregistered stock on 10/23.

AI Summary

On October 23, 2024, SecureTech Innovations, Inc. reported an unregistered sale of equity securities. The filing does not disclose the specific number of shares sold or the total dollar amount of the transaction, but it indicates the sale occurred on this date.

Why It Matters

This filing indicates a private placement of stock, which could dilute existing shareholders' ownership and impact the stock price.

Risk Assessment

Risk Level: medium — Unregistered sales of equity can signal potential dilution or financial distress, requiring further investigation into the terms and parties involved.

Key Players & Entities

• SecureTech Innovations, Inc. (company) — Registrant
• October 23, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value SCTH OTC Pink Tier Indicat
• $50,000 — ch entered into an agreement converting $50,000 in past due accounts payable to a relat

Filing Documents

• scth_form8k10282024.htm (8-K) — 30KB
• 0001017386-24-000250.txt ( ) — 193KB
• scth-20241023.xsd (EX-101.SCH) — 3KB
• scth-20241023_lab.xml (EX-101.LAB) — 33KB
• scth-20241023_pre.xml (EX-101.PRE) — 22KB
• scth_form8k10282024_htm.xml (XML) — 3KB

Forward-Looking Statements

Forward-Looking Statements This Form 8-K and other reports filed by the Registrant from time to time with the Securities and Exchange Commission (collectively, " Filings ") contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, our management as well as estimates and assumptions made by our management. When used in the filings, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," or the negative of these terms and similar expressions identify forward-looking statements as they relate to our business or our management. Such statements reflect management's current view of our business with respect to future events and are subject to risks, uncertainties, assumptions, and other factors (including the risks contained in the section of our Annual Report filed on Form 10-K entitled "Risk Factors") relating to our industry, operations, and results of operations, and other relevant aspects of our business. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements contained within this Form 8-K and elsewhere.

02

Item 3.02 Unregistered Sales of Equity Securities On October 23, 2024, SecureTech Innovations, Inc. (" SecureTech ") SecureTech entered into an agreement converting $50,000 in past due accounts payable to a related party into a non-interest bearing $50,000 convertible promissory note. Subsequently, on October 24, 2024, the note holder converted the outstanding $50,000 convertible promissory note into 100,000,000 shares of SecureTech's common stock, $0.001 par value. Following this note conversion, on October 25, 2024, SecureTech and the original note holder signed a Share Exchange Agreement in which 100,000,000 shares of SecureTech's common stock were exchanged for 10,000 shares of its Series A Preferred Stock, $0.001 par value. As of October 28, 2024, SecureTech had 78,076,881 shares of its common stock issued and outstanding and 13,400 shares of its Series A Preferred Stock issued and outstanding. 2

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 28, 2024 By: SECURETECH INNOVATIONS, INC. /s/ Kao Lee President, Chief Executive Officer, Principal Executive Officer, and Director 3

View Full Filing

View this 8-K filing on SEC EDGAR